Element Solutions Inc (NYSE:ESI) Receives $25.60 Consensus PT from Analysts

Shares of Element Solutions Inc (NYSE:ESI) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $25.60.

ESI has been the subject of a number of recent analyst reports. Mizuho dropped their price objective on Element Solutions from $27.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. UBS Group boosted their target price on shares of Element Solutions from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Barclays raised their price target on shares of Element Solutions from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Finally, Wolfe Research began coverage on shares of Element Solutions in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock.

Element Solutions Price Performance

ESI stock opened at $23.70 on Friday. The stock has a market cap of $5.74 billion, a PE ratio of 48.37, a P/E/G ratio of 2.04 and a beta of 1.32. Element Solutions has a 12 month low of $17.08 and a 12 month high of $25.81. The company has a 50-day moving average price of $24.15 and a 200 day moving average price of $22.15. The company has a current ratio of 3.24, a quick ratio of 2.43 and a debt-to-equity ratio of 0.82.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $573.40 million during the quarter, compared to the consensus estimate of $590.43 million. Element Solutions had a net margin of 5.06% and a return on equity of 13.51%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. Equities research analysts anticipate that Element Solutions will post 1.4 earnings per share for the current year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.32 annualized dividend and a dividend yield of 1.35%. Element Solutions’s payout ratio is currently 65.31%.

Insider Buying and Selling

In other Element Solutions news, CEO Benjamin Gliklich sold 61,667 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $23.20, for a total transaction of $1,430,674.40. Following the transaction, the chief executive officer now owns 704,395 shares of the company’s stock, valued at approximately $16,341,964. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Element Solutions news, CEO Benjamin Gliklich sold 61,667 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $23.20, for a total transaction of $1,430,674.40. Following the sale, the chief executive officer now owns 704,395 shares of the company’s stock, valued at approximately $16,341,964. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Goralski sold 1,169 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total value of $27,120.80. Following the completion of the transaction, the executive vice president now directly owns 146,297 shares of the company’s stock, valued at $3,394,090.40. The disclosure for this sale can be found here. Insiders sold a total of 97,203 shares of company stock valued at $2,255,110 over the last three months. 7.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Element Solutions

A number of large investors have recently added to or reduced their stakes in ESI. Treasurer of the State of North Carolina grew its position in shares of Element Solutions by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 98,021 shares of the company’s stock worth $1,922,000 after buying an additional 500 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in Element Solutions by 1.5% in the fourth quarter. Handelsbanken Fonder AB now owns 34,115 shares of the company’s stock valued at $789,000 after acquiring an additional 500 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in Element Solutions by 4.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 15,721 shares of the company’s stock worth $364,000 after purchasing an additional 598 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Element Solutions by 85.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,318 shares of the company’s stock worth $26,000 after purchasing an additional 608 shares in the last quarter. Finally, Donoghue Forlines LLC lifted its holdings in shares of Element Solutions by 4.3% during the 3rd quarter. Donoghue Forlines LLC now owns 16,866 shares of the company’s stock valued at $331,000 after purchasing an additional 691 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Company Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.